Vietnam seafood exports to EU increase

Published 2022년 2월 22일

Tridge summary

Vietnam's seafood exports to the EU market saw a 12% increase in 2021, reaching over 1 billion USD, with the Netherlands, Germany, Belgium, Italy, and France being the top five markets. Exports of major products like shrimp, tuna, and shellfish, including clams, experienced positive growth, except for pangasius which saw a nearly 17% decline due to increased sea freight rates. The economic stimulus package and tariff advantages from the EVFTA have contributed to the recovery of seafood demand in the EU. Shellfish exports, especially clams, surged by 37% to $87 million, making it the fourth largest seafood species in export value to the EU.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam seafood exports to EU increase. Vietnam’s seafood exports to the EU market in 2021 recorded a figure of over 1 billion USD, up 12%. Exports to most EU member countries increased. In which, the top 5 markets include the Netherlands, Germany, Belgium, Italy and France, accounting for 72%. Exports of all major products to the EU grew positively, except pangasius. In which, clam exports grew the most, up 42% and became the 4th largest seafood species in terms of export value to the EU. After the vaccination campaign and economic stimulus package since the beginning of the year, the seafood demand in the EU has recovered significantly, along with the tariff advantages from the EVFTA, which is an opportunity to promote the export of most of Vietnamese seafood products to this market. Accordingly, shrimp exports increased by nearly 19% to reach 613 million USD, accounting for nearly 57% of seafood exports to this market. The top 3 markets in the bloc including the Netherlands, ...
Source: Fish Focus

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